FxWirePro
Long

USD/JPY formed triple bottom around 118,jump till 120 expected

FX:USDJPY   U.S. Dollar/Japanese Yen
171 0 3
• RES 4: 120.50

• RES 3: 120

• RES 2: 119.70

• RES 1: 119.40 (20 day 4 HMA )

PRICE: 119.28 @ 4:18 GMT            

• SUP 1: 119

• SUP 2: 118.69

• SUP 3: 118

• SUP 4: 116.86
COMMENTARY:

USD/JPY             has once again recovered after making a low of 118.32 and overall trend is bullish as long as support 118 holds.

On the upside minor resistance is around 119.40 (20 day HMA ) and any break above would extend gains till 119.70/120.

Intraday bullish invalidation can happen only 118 level It is good to buy at dips around 118.70 for the target of 120/120.40 .

United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out